Outback Steakhouse Closes 41 Restaurants

In 2024, one of the most impactful stories in the restaurant industry was the decision by Bloomin’ Brands, the parent company of Outback Steakhouse, to close 41 underperforming restaurants. This move came after a review of their asset base, as mentioned by David Deno, the CEO of Bloomin’ Brands. The closures predominantly affected older locations with leases dating back to the ‘90s and early 2000s.